(26 March 2018 – Hong Kong) Huayi Tencent Entertainment Company Limited (“Huayi Tencent Entertainment,” the “Company”; stock code: 00419.HK; together with its subsidiaries collectively known as the “Group”) today announced its annual results for the year ended 31 December 2017 (“2017” or the “Year”).
During the Year, the Group’s continuing operations were segmented into Entertainment and Media Operations (the “Core Business”) and Offline Healthcare and Wellness Services (“Offline Healthcare Business”), which recorded annual revenues of approximately HK$52.04 million and HK$116 million, or 31% and 69% of total revenue, respectively. Rock Dog was distributed in cinemas worldwide, followed by its release on cable television and DVDs during the Year, driving segment revenue growth up 340% YoY, equivalent to about 31% of total revenue, up 22 ppt. YoY as compared with 2016, demonstrating progress in the development of the Group’s core business. Driven by strong core business growth, revenue from the Group’s continuing operations increased 31% to approximately HK$167 million during the Year, while net loss narrowed by 26% to approximately HK$102 million.